On-line loan process and system

ABSTRACT

An apparatus and computerized method for automated loan origination processing via a computer system with communications devices for receiving loan application data and user provided information. Logic mechanisms programmed to automatically generate a loan origination compliance task workflow having an organized sequence of a plurality of compliance tasks in response to the loan application data received from a user. Receiving at a central computer server a loan application having information provided by the user via the user computer terminal and acquiring at the central computer server electronic data relating to the user from one or more databases responsive to receiving the user loan application information. Initiate a review process for the loan application utilizing the user provided information and data acquired from the one or more databases and render an approval decision for the electronic loan application based upon the review process.

CROSS REFERENCE TO RELATED APPLICATIONS

This application is a Continuation of U.S. patent application Ser. No.15/403,431 filed Jan. 11, 2017, which claims priority to U.S. Pat. No.6,277,350 filed Jan. 11, 2016, which are incorporated herein byreference in their entirety.

FIELD OF THE INVENTION

The disclosed embodiments generally relate to electronic processing ofloan applications, and more particularly, to an improved method andsystem for rapidly processing of loan applications.

BACKGROUND OF THE INVENTION

As personal computers and the Internet, network, wireless, and othertelecommunications technologies have become more widely used, the needhas increased for cost-effective safeguards that preserve the securityof transmissions, the privacy of personal, sensitive, orlegally-significant information, and the integrity and reliability ofdocuments and related information. There has been a concomitant increasein the need for the web enabling of traditional paper processes. Inlight of these advances, it is no longer practical for many individualsand businesses to generate, collect, record, process, use, and storeinformation without encoding the information in a computer-usable,electronic form. Nor is it practical for many individuals and businessesto continue to employ traditional paper business processes now that itis possible for many traditional paper processes to be conducted inelectronic or digital form using these new telecommunicationstechnologies.

A number of computer methods for processing mortgages are known. Theinvention disclosed below provides a computerized method and apparatusfor simplifying and rapidly processing mortgage loan application processvia an electronic processing method and system via user interfacingsoftware and/or a User Graphical Interface (GUI).

SUMMARY OF THE INVENTION

The purpose and advantages of the below described illustratedembodiments will be set forth in and apparent from the description thatfollows. Additional advantages of the illustrated embodiments will berealized and attained by the devices, systems and methods particularlypointed out in the written description and claims hereof, as well asfrom the appended drawings.

To achieve these and other advantages and in accordance with the purposeof the illustrated embodiments, in one aspect, electronic processing ofloans and mortgage loans is described in which users are enabled tocreate, upload, view and collaborate on digital and electronic documentsand use electronic or digital signatures so that the content and form ofdocuments are rendered persistent. It allows these documents to beexecuted with legally-binding and non-reputable electronic or digitalsignatures by parties to be bound by the documents and by partiesapproving the form and content of the documents, and by partieswitnessing or authenticating the documents or signatories thereto; itallows the documents to be reposed for short periods or archived forlong periods of time; it allows documents packages to be transmitted tointerested parties; and it allows documents to be reposed with trusteecustodians; and it allows documents to be date-stamped, time-stamped,and signed by these trustee custodians in order to create “originals”with a traceable and reportable chain of custody and certifiable tocourts and other authorities.

An aspect of the invention includes the systems and methods forsoliciting loan applications, collecting relevant information frompertinent parties, verifying such information, creating or assemblingrelated or verifying documents, preparing Loan Documents for review andexecution, executing loan documents and related information with legallybinding signatures, reposing and transmitting such Loan Documents toloan processors, purchasers or other parties, and archiving such LoanDocument on behalf of authorized parties.

Another aspect relates to systems and methods operating in atechnological and legal environment in which (1) such Loan Documents maybe processed in an Internet, network, wireless, or othertelecommunication environment; (2) all of the Loan Documents are indigital or electronic form; (3) the system and methods for thepreparation, signing, witnessing, using, reposing, archiving, andtransmission of such Loan Documents are conducted digitally orelectronically; (4) all of the foregoing systems and methods as well asall or part of the Loan Documents are rendered secure, private, orreliable by the use of passwords, cryptographic keys, public keycryptography and infrastructure, or legal-based or fiduciary-based datamanagement vaulting and processing systems; (5) one or more passwords,cryptographic keys, public keys are employed by one or more entities (a)to assure the identity of parties preparing, creating, altering,reviewing, executing, witnessing, processing, using, reposing,transmitting, or archiving such Loan Documents or related information or(b) to assure the accuracy, security, reliability, form, content,persistence of form and content, chain of custody, evidentiaryadmissibility, archival status, records retention status, or the date,time, place and mode of execution thereof.

Another aspect of the invention includes an a computerized apparatus forautomated loan origination processing via a computer system withcommunications devices for receiving loan application data and userprovided information. Logic mechanisms programmed to automaticallygenerate a loan origination compliance task workflow having an organizedsequence of a plurality of compliance tasks in response to the loanapplication data received from a user. Receiving at a central computerserver a loan application having information provided by the user viathe user computer terminal and acquiring at the central computer serverelectronic data relating to the user from one or more databasesresponsive to receiving the user loan application information. Initiatea review process for the loan application utilizing the user providedinformation and data acquired from the one or more databases and renderan approval decision for the electronic loan application based upon thereview process.

A purpose of the illustrated embodiments is to provide an electronicsystem and method that provides for minimal requirements and datageneration (e.g., documents) from a borrower applicant while providingrapid processing of loan applications.

BRIEF DESCRIPTION OF THE DRAWINGS

The accompanying appendices and/or drawings illustrate variousnon-limiting, example, inventive aspects in accordance with the presentdisclosure:

FIG. 1 illustrates an example communication network;

FIG. 2 illustrates an example network device/node;

FIG. 3 illustrates an example of a computer networked system inaccordance with an illustrated embodiment; and

FIG. 4 illustrates information gathering queries presented to a user bythe computer networked system of FIG. 3

DETAILED DESCRIPTION OF CERTAIN EMBODIMENTS

The illustrated embodiments are now described more fully with referenceto the accompanying drawings wherein like reference numerals identifysimilar structural/functional features. The illustrated embodiments arenot limited in any way to what is illustrated as the illustratedembodiments described below are merely exemplary, which can be embodiedin various forms, as appreciated by one skilled in the art. Therefore,it is to be understood that any structural and functional detailsdisclosed herein are not to be interpreted as limiting, but merely as abasis for the claims and as a representation for teaching one skilled inthe art to variously employ the discussed embodiments. Furthermore, theterms and phrases used herein are not intended to be limiting but ratherto provide an understandable description of the illustrated embodiments.

Unless defined otherwise, all technical and scientific terms used hereinhave the same meaning as commonly understood by one of ordinary skill inthe art to which this invention belongs. Although any methods andmaterials similar or equivalent to those described herein can also beused in the practice or testing of the illustrated embodiments,exemplary methods and materials are now described.

It must be noted that as used herein and in the appended claims, thesingular forms “a”, “an,” and “the” include plural referents unless thecontext clearly dictates otherwise. Thus, for example, reference to “astimulus” includes a plurality of such stimuli and reference to “thesignal” includes reference to one or more signals and equivalentsthereof known to those skilled in the art, and so forth.

It is to be appreciated the illustrated embodiments discussed below arepreferably a software algorithm, program or code residing on computeruseable medium having control logic for enabling execution on a machinehaving a computer processor. The machine typically includes memorystorage configured to provide output from execution of the computeralgorithm or program.

As used herein, the term “software” is meant to be synonymous with anycode or program that can be in a processor of a host computer,regardless of whether the implementation is in hardware, firmware or asa software computer product available on a disc, a memory storagedevice, or for download from a remote machine. The embodiments describedherein include such software to implement the equations, relationshipsand algorithms described above. One skilled in the art will appreciatefurther features and advantages of the illustrated embodiments based onthe above-described embodiments. Accordingly, the illustratedembodiments are not to be limited by what has been particularly shownand described, except as indicated by the appended claims.

Turning now descriptively to the drawings, in which similar referencecharacters denote similar elements throughout the several views, FIG. 1depicts an exemplary communications network 100 in which belowillustrated embodiments may be implemented.

It is to be understood a communication network 100 is a geographicallydistributed collection of nodes interconnected by communication linksand segments for transporting data between end nodes, such as personalcomputers, work stations, smart phone devices, tablets, televisions,sensors and or other devices such as automobiles, etc. Many types ofnetworks are available, with the types ranging from local area networks(LANs) to wide area networks (WANs). LANs typically connect the nodesover dedicated private communications links located in the same generalphysical location, such as a building or campus. WANs, on the otherhand, typically connect geographically dispersed nodes overlong-distance communications links, such as common carrier telephonelines, optical lightpaths, synchronous optical networks (SONET),synchronous digital hierarchy (SDH) links, or Powerline Communications(PLC), and others.

FIG. 1 is a schematic block diagram of an example communication network100 illustratively comprising nodes/devices 101-108 (e.g., sensors 102,client computing devices 103, smart phone devices 105, web servers 106,routers 107, switches 108, and the like) interconnected by variousmethods of communication. For instance, the links 109 may be wired linksor may comprise a wireless communication medium, where certain nodes arein communication with other nodes, e.g., based on distance, signalstrength, current operational status, location, etc. Moreover, each ofthe devices can communicate data packets (or frames) 142 with otherdevices using predefined network communication protocols as will beappreciated by those skilled in the art, such as various wired protocolsand wireless protocols etc., where appropriate. In this context, aprotocol consists of a set of rules defining how the nodes interact witheach other. Those skilled in the art will understand that any number ofnodes, devices, links, etc. may be used in the computer network, andthat the view shown herein is for simplicity. Also, while theembodiments are shown herein with reference to a general network cloud,the description herein is not so limited, and may be applied to networksthat are hardwired.

As will be appreciated by one skilled in the art, aspects of the presentinvention may be embodied as a system, method or computer programproduct. Accordingly, aspects of the present invention may take the formof an entirely hardware embodiment, an entirely software embodiment(including firmware, resident software, micro-code, etc.) or anembodiment combining software and hardware aspects that may allgenerally be referred to herein as a “circuit,” “module” or “system.”Furthermore, aspects of the present invention may take the form of acomputer program product embodied in one or more computer readablemedium(s) having computer readable program code embodied thereon.

Any combination of one or more computer readable medium(s) may beutilized. The computer readable medium may be a computer readable signalmedium or a computer readable storage medium. A computer readablestorage medium may be, for example, but not limited to, an electronic,magnetic, optical, electromagnetic, infrared, or semiconductor system,apparatus, or device, or any suitable combination of the foregoing. Morespecific examples (a non-exhaustive list) of the computer readablestorage medium would include the following: an electrical connectionhaving one or more wires, a portable computer diskette, a hard disk, arandom access memory (RAM), a read-only memory (ROM), an erasableprogrammable read-only memory (EPROM or Flash memory), an optical fiber,a portable compact disc read-only memory (CD-ROM), an optical storagedevice, a magnetic storage device, or any suitable combination of theforegoing. In the context of this document, a computer readable storagemedium may be any tangible medium that can contain, or store a programfor use by or in connection with an instruction execution system,apparatus, or device.

A computer readable signal medium may include a propagated data signalwith computer readable program code embodied therein, for example, inbaseband or as part of a carrier wave. Such a propagated signal may takeany of a variety of forms, including, but not limited to,electro-magnetic, optical, or any suitable combination thereof. Acomputer readable signal medium may be any computer readable medium thatis not a computer readable storage medium and that can communicate,propagate, or transport a program for use by or in connection with aninstruction execution system, apparatus, or device.

Program code embodied on a computer readable medium may be transmittedusing any appropriate medium, including but not limited to wireless,wireline, optical fiber cable, RF, etc., or any suitable combination ofthe foregoing.

Computer program code for carrying out operations for aspects of thepresent invention may be written in any combination of one or moreprogramming languages, including an object oriented programming languagesuch as Java, Smalltalk, C++ or the like and conventional proceduralprogramming languages, such as the “C” programming language or similarprogramming languages. The program code may execute entirely on theuser's computer, partly on the user's computer, as a stand-alonesoftware package, partly on the user's computer and partly on a remotecomputer or entirely on the remote computer or server. In the latterscenario, the remote computer may be connected to the user's computerthrough any type of network, including a local area network (LAN) or awide area network (WAN), or the connection may be made to an externalcomputer (for example, through the Internet using an Internet ServiceProvider).

Aspects of the present invention are described below with reference toflowchart illustrations and/or block diagrams of methods, apparatus(systems) and computer program products according to embodiments of theinvention. It will be understood that each block of the flowchartillustrations and/or block diagrams, and combinations of blocks in theflowchart illustrations and/or block diagrams, can be implemented bycomputer program instructions. These computer program instructions maybe provided to a processor of a general purpose computer, specialpurpose computer, or other programmable data processing apparatus toproduce a machine, such that the instructions, which execute via theprocessor of the computer or other programmable data processingapparatus, create means for implementing the functions/acts specified inthe flowchart and/or block diagram block or blocks.

These computer program instructions may also be stored in a computerreadable medium that can direct a computer, other programmable dataprocessing apparatus, or other devices to function in a particularmanner, such that the instructions stored in the computer readablemedium produce an article of manufacture including instructions whichimplement the function/act specified in the flowchart and/or blockdiagram block or blocks.

The computer program instructions may also be loaded onto a computer,other programmable data processing apparatus, or other devices to causea series of operational steps to be performed on the computer, otherprogrammable apparatus or other devices to produce a computerimplemented process such that the instructions which execute on thecomputer or other programmable apparatus provide processes forimplementing the functions/acts specified in the flowchart and/or blockdiagram block or blocks.

FIG. 2 is a schematic block diagram of an example network computingdevice 200 (e.g., client computing device 103, server 106, etc.) thatmay be used (or components thereof) with one or more embodimentsdescribed herein, e.g., as one of the nodes shown in the network 100. Asexplained above, in different embodiments these various devices areconfigured to communicate with each other in any suitable way, such as,for example, via communication network 100.

Device 200 is intended to represent any type of computer system capableof carrying out the teachings of various embodiments of the presentinvention. Device 200 is only one example of a suitable system and isnot intended to suggest any limitation as to the scope of use orfunctionality of embodiments of the invention described herein.Regardless, computing device 200 is capable of being implemented and/orperforming any of the functionality set forth herein.

Computing device 200 is operational with numerous other general purposeor special purpose computing system environments or configurations.Examples of well-known computing systems, environments, and/orconfigurations that may be suitable for use with computing device 200include, but are not limited to, personal computer systems, servercomputer systems, thin clients, thick clients, hand-held or laptopdevices, multiprocessor systems, microprocessor-based systems, set topboxes, programmable consumer electronics, network PCs, minicomputersystems, and distributed data processing environments that include anyof the above systems or devices, and the like.

Computing device 200 may be described in the general context of computersystem-executable instructions, such as program modules, being executedby a computer system. Generally, program modules may include routines,programs, objects, components, logic, data structures, and so on thatperform particular tasks or implement particular abstract data types.Computing device 200 may be practiced in distributed data processingenvironments where tasks are performed by remote processing devices thatare linked through a communications network. In a distributed dataprocessing environment, program modules may be located in both local andremote computer system storage media including memory storage devices.

Device 200 is shown in FIG. 2 in the form of a general-purpose computingdevice. The components of device 200 may include, but are not limitedto, one or more processors or processing units 216, a system memory 228,and a bus 218 that couples various system components including systemmemory 228 to processor 216.

Bus 218 represents one or more of any of several types of busstructures, including a memory bus or memory controller, a peripheralbus, an accelerated graphics port, and a processor or local bus usingany of a variety of bus architectures. By way of example, and notlimitation, such architectures include Industry Standard Architecture(ISA) bus, Micro Channel Architecture (MCA) bus, Enhanced ISA (EISA)bus, Video Electronics Standards Association (VESA) local bus, andPeripheral Component Interconnect (PCI) bus.

Computing device 200 typically includes a variety of computer systemreadable media. Such media may be any available media that is accessibleby device 200, and it includes both volatile and non-volatile media,removable and non-removable media.

System memory 228 can include computer system readable media in the formof volatile memory, such as random access memory (RAM) 230 and/or cachememory 232. Computing device 200 may further include otherremovable/non-removable, volatile/non-volatile computer system storagemedia. By way of example only, storage system 234 can be provided forreading from and writing to a non-removable, non-volatile magnetic mediaand/or Solid State Drives (SSD) (not shown and typically called a “harddrive”). Although not shown, a magnetic disk drive for reading from andwriting to a removable, non-volatile magnetic disk (e.g., a “floppydisk”), and an optical disk drive for reading from or writing to aremovable, non-volatile optical disk such as a CD-ROM, DVD-ROM or otheroptical media can be provided. In such instances, each can be connectedto bus 218 by one or more data media interfaces. As will be furtherdepicted and described below, memory 228 may include at least oneprogram product having a set (e.g., at least one) of program modulesthat are configured to carry out the functions of embodiments of theinvention.

Program/utility 240, having a set (at least one) of program modules 215,such as underwriting module, may be stored in memory 228 by way ofexample, and not limitation, as well as an operating system, one or moreapplication programs, other program modules, and program data. Each ofthe operating system, one or more application programs, other programmodules, and program data or some combination thereof, may include animplementation of a networking environment. Program modules 215generally carry out the functions and/or methodologies of embodiments ofthe invention as described herein.

Device 200 may also communicate with one or more external devices 214such as a keyboard, a pointing device, a display 224, etc.; one or moredevices that enable a user to interact with computing device 200; and/orany devices (e.g., network card, modem, etc.) that enable computingdevice 200 to communicate with one or more other computing devices. Suchcommunication can occur via Input/Output (I/O) interfaces 222. Stillyet, device 200 can communicate with one or more networks such as alocal area network (LAN), a general wide area network (WAN), and/or apublic network (e.g., the Internet) via network adapter 220. Asdepicted, network adapter 220 communicates with the other components ofcomputing device 200 via bus 218. It should be understood that althoughnot shown, other hardware and/or software components could be used inconjunction with device 200. Examples, include, but are not limited to:microcode, device drivers, redundant processing units, external diskdrive arrays, RAID systems, tape drives, and data archival storagesystems, etc.

FIGS. 1 and 2 are intended to provide a brief, general description of anillustrative and/or suitable exemplary environment in which embodimentsof the below described present invention may be implemented. FIGS. 1 and2 are exemplary of a suitable environment and are not intended tosuggest any limitation as to the structure, scope of use, orfunctionality of an embodiment of the present invention. A particularenvironment should not be interpreted as having any dependency orrequirement relating to any one or combination of components illustratedin an exemplary operating environment. For example, in certaininstances, one or more elements of an environment may be deemed notnecessary and omitted. In other instances, one or more other elementsmay be deemed necessary and added.

With the exemplary communication network 100 (FIG. 1 ) and computingdevice 200 (FIG. 2 ) being generally shown and discussed above,description of certain illustrated embodiments of the present inventionwill now be provided. With reference now to FIG. 3 , shown is a computernetworked system for processing loan applications in accordance with anillustrated embodiment. Each of the system components illustrated inFIG. 3 are to be understood to include one or more components of thecomputer 200 illustrated in FIG. 2 and integrated in the networkillustrated in FIG. 1 . It is to be also understood that while anillustrated embodiment makes reference to processing a mortgage loanapplication, the invention is not to be understood to be limited theretoas it may encompass any type of loan application suitable for processingwith the present invention, including, but not limited to, home equityloans, vehicle loans and personal loans.

In operation, a user (e.g., loan applicant) accesses a computing device300 to initiate a loan application process (see, arrow “0”). Withreference now to FIG. 4 , shown are exemplary questions which may bequeried to the user regarding the loan application via the user'scomputing device 300 (e.g., a smartphone) in connection with userinitiation of the loan application process. The computing device 300 mayencompass any suitable computing device having the appropriate GUI andsoftware, such a desktop computer, laptop, kiosk device or any suitableportable computing device such as a tablet and smart phone device. Thecomputing device 300 may access software executing on a remote computer(e.g., a cloud server) or may have specific software installed thereon(e.g., an “app” installed on a tablet and/or smart phone device). In theillustrated embodiment of FIG. 3 , the computer device 300 is preferablya smart phone device. The user provided loan application information isreceived by a computer server 310 (which is preferably associated withthe loan provider, such as USAA™). The computer server 310 preferablysends a one-time Oauth2 token to a third party data acquirer/aggregator320 (e.g., such as ROOSTIFY™) for enabling the processing of the loanapplication as described herein (see, arrow “1”).

In processing the loan application, the third party dataacquirer/aggregator 320 retrieves information needed for the loanapplication (either to supplement the user provided information and/orauthenticate the user provided information) by selectively aggregatinguser information from databases associated with the loan provider (whichthe user preferably has a preexisting account with) and/or from otherthird party databases 340 having information regarding the user andrelevant to the present loan application (see arrow “2”). For instance,such information may include user income information 342 regarding userincome 342 (e.g., retrieved from INUIT TURBOTAX); user asset information344 (e.g., retrieved from FORMFREE and/or YODLEE) and user employmentinformation 346 (e.g., retrieved from INTUIT and/or DFAS).

In processing the loan application, the loan provider computer server310 preferably obtains unique session credentials so as to redirect theuser to a GUI associated with the third party data acquirer/aggregator320 (see, arrow “3”). Thereafter, the user may input additional userdata/credentials into the third party data acquirer/aggregator 320 asdirected (see, arrow “4”). The third party data acquirer/aggregator 320then preferably leverages the aforementioned aggregation databases tocomplete the user loan application (see, arrow “5”). Thereafter, theuser's loan application is returned to the loan provider computer server310 (in which a status engine is preferably employed) (see, arrow “6”).It is to be appreciated the actual loan decision based on the aforesaidgathered data may be performed (via a DU underwriting engine 350) byeither the loan provider or a third party 360 (e.g., CADENCE™)(see,arrow “7”).

Thus, what is described is a computerized system and method thatrequires minimal user involvement for compiling and rendering a decisionregarding a loan application, such as a mortgage application. Forinstance, the user may merely interact with an app on their smart phonedevice to provide threshold information (e.g., identity, loan type andamount) whereby the present invention performs all other requirementsgreatly easing the application process for the user while providing moreaccurate information for the loan application (e.g., information isgathered from verified data received from databases as opposed tounverified user entered data). It also provides for system that rapidlyprocesses a loan application as opposed to the more conventional manualintensive process.

With certain illustrated embodiments described above, it is to beappreciated that various non-limiting embodiments described herein maybe used separately, combined or selectively combined for specificapplications. Further, some of the various features of the abovenon-limiting embodiments may be used without the corresponding use ofother described features. The foregoing description should therefore beconsidered as merely illustrative of the principles, teachings andexemplary embodiments of this invention, and not in limitation thereof.

It is to be understood that the above-described arrangements are onlyillustrative of the application of the principles of the illustratedembodiments. Numerous modifications and alternative arrangements may bedevised by those skilled in the art without departing from the scope ofthe illustrated embodiments, and the appended claims are intended tocover such modifications and arrangements.

What is claimed is:
 1. A computer method for processing a loan application between a user mobile computer device and a remotely located computer server, comprising: providing an electronic loan application from a computer server to a remotely located user mobile computer device via a computer network; entering data associated with the electronic loan application in the user mobile computer device by a user via a GUI provided on the user mobile computer device to be transmitted from the user mobile computer device to the computer server via the computer network; receiving at the computer server the electronic loan application data transmitted from the user mobile computer device via the computer network; responsive to receiving the user electronic loan application data, the computer server sends a one-time Oauth2 token to a data aggregator to establish secured communication between the computer server and the data aggregator; obtain unique session credentials associated with the user mobile computing device to redirect the user of the user mobile computing device to a GUI associated with the data aggregator; acquire, decrypt and aggregate by the data aggregator electronic data relating to the user electronic loan application data; responsive to acquiring the electronic data from the data aggregator, provide unique session credentials from the computer server to the user mobile computer device; and enabling the user to interact with the data aggregator, upon acquiring the unique sessions credentials and being redirected to the GUI associated with the aggregator.
 2. The computer method as recited in claim 1, wherein the electronic data is acquired, decrypted and aggregated by the data aggregator from each of the following databases communicatively coupled to the data aggregator: i) a credit check database; ii) an income tax database; iii) an asset database; and iv) an employment database.
 3. The computer method as recited in claim 1, further including: providing additional data to the data aggregator via the user mobile computer device; rendering an approval decision for the electronic loan application based upon the review process; and providing electronic notification of rendered decisions to the user.
 4. The computer method as recited in claim 3, further including providing a review process for the loan application utilizing the user provided data and data acquired from the data aggregator.
 5. The computer method as recited in claim 4, wherein the loan application is a mortgage application.
 6. The computer method as recited in claim 4, wherein the loan application is a vehicle loan application.
 7. The computer method as recited in claim 4, wherein the loan application is a home equity loan application.
 8. The computer method as recited in claim 4, wherein the loan application is a personal loan application.
 9. The computer method as recited in claim 5, wherein the user mobile computer device is a smart phone device.
 10. The computer method as recited in claim 5, wherein the approval decision is rendered by a company issuing a loan from the loan application.
 11. The computer method as recited in claim 5, wherein the approval decision is rendered by a third party relative to a company issuing a loan.
 12. The computer method as recited in claim 5, further allowing one or more digital signatures to be applied to a loan document.
 13. A non-transitory computer readable storage medium and one or more computer programs embedded therein, the computer programs comprising instructions, which when executed by a computer system, cause the computer system to: provide an electronic loan application from a computer server to a remotely located user mobile computer device via a computer network; enter data associated with the electronic loan application in the user mobile computer device by a user via a GUI provided on the user mobile computer device to be transmitted from the user mobile computer device to the computer server via the computer network; receive at the computer server the electronic loan application data transmitted from the user mobile computer device via the computer network; responsive to receiving the user electronic loan application data, the computer server sends a one-time Oauth2 token to a data aggregator to establish secured communication between the computer server and the data aggregator; obtain unique session credentials associated with the user mobile computing device to redirect the user of the user mobile computing device to a GUI associated with the data aggregator; acquire, decrypt and aggregate by the data aggregator electronic data relating to the user electronic loan application data; responsive to acquiring the electronic data from the data aggregator, provide unique session credentials from the computer server to the user mobile computer device; enable one or more digital signatures to be applied to a loan document; enable the user to interact with the data aggregator, upon acquiring the unique sessions and being redirected to the GUI associated with the aggregator; and provide additional data to the data aggregator via the user mobile computer device.
 14. The non-transitory computer readable storage medium as recited in claim 13 further including: render an approval decision for the electronic loan application based upon the review process; and provide electronic notification of rendered decisions to the user.
 15. The non-transitory computer readable storage medium as recited in claim 14, wherein the electronic data is acquired, decrypted and aggregated by the data aggregator from each of the following databases communicatively coupled to the data aggregator: i) a credit check database; ii) an income tax database; iii) an asset database; and iv) an employment database.
 16. The non-transitory computer readable storage medium as recited in claim 14, further including providing a review process for the loan data utilizing the user provided information and data acquired from the data aggregator.
 17. The non-transitory computer readable storage medium as recited in claim 14, wherein the loan application is a mortgage application.
 18. The non-transitory computer readable storage medium as recited in claim 14, wherein the loan application is a vehicle loan application.
 19. The non-transitory computer readable storage medium as recited in claim 14, wherein the loan application is a home equity loan application.
 20. The non-transitory computer readable storage medium as recited in claim 13, wherein the user mobile computer device is a smart phone device. 